First Independent Mena Newspaper
The World Bank Board has announced a €172 million loan to the Moroccan city of Casablanca, hosting around 12 pc of the North African country’s population and contributing 20 pc of the national GDP. The loan, first of its kind, will enable the city’s managers to solve its growing urban challenges. It will support the […]
Members of the European Parliament adopted with an overwhelming majority the EU’s annual human rights report, which underscores the “significant progress” made by Morocco and chastizes Algeria for its “deplorable” human rights record. The EU report on human rights and democracy in the world in 2016 gives a broad picture of the EU’s human rights […]
Is the US seeking to tap into Morocco’s natural gas projects? This question rose to the fore after media reports said that chief of the US Environmental Protection Agency (EPA) Scott Pruitt is in Morocco this week to “update” environmental cooperation under the US-Morocco Free Trade Agreement to include an option to supply the Kingdom […]
Morocco was ranked fifth largest customer of French arms industry and the third in the Arab world after Egypt and the UAE, a report of the French defense ministry said. The report, covering the 2007-2016 period, said that Morocco was placed fifth in the list of France’ largest customers after China, Singapore, Egypt and the […]
State-owned real-estate developer, Al Omrane, announced that it had spent over $7.6 billion (72.5 billion dirhams) on urban development projects in Morocco over the last ten years. Head of the board of directors of the company, Badr Kanouni, said, at a ceremony marking the tenth anniversary of the group, that 465,000 housing units were achieved […]
The Association of African Development Finance Institutions (AADFI) crowned Crédit Agricole Du Maroc, as the Best Development Finance Institution (DFI) in Africa in 2017. “Crédit Agricole Du Maroc” came ahead of 33 best-performing DFIs in the continent ranking first on the 2017 AADFI Honor Roll. The Moroccan bank was distinguished for its performance regarding AADFI […]
Morocco was celebrated at the World Spa Awards as the World’s Best Spa Destination thanks to its centuries-old Hammam heritage. This title, the second in a row taken by Morocco, was awarded at a recent gala ceremony in Vietnam. In addition to Morocco, the award short list included Egypt, Kenya, Mozambique, South Africa and Tanzania. […]
Casablanca city authorities are mulling the launch of a monorail or an aerial subway to help ease traffic congestion for its over 5 million inhabitants. After the launch of the Tramway, Casablanca officials are negotiating with Chinese electric vehicle manufacturer BYD for the launch of the Monorail or the aerial subway, which are designed to […]
Morocco is evidencing at the highest level its firm attachment to achieving the global climate agenda. The participation of King Mohammed VI at the One Planet Summit in Paris is a reaffirmation of Morocco’s keen interest in protecting the environment and curbing climate change effects. The One Planet summit, co-hosted by the United Nations and […]
Morocco has taken several initiatives to gather support for climate action, notably in Africa, through landmark projects such as the Adaptation of African Agriculture Initiative (AAA), the World Bank’s Vice President for Sustainable Development, Laura Tuck, said. “We are delighted to see Morocco take the lead as part of efforts to implement the Adaptation of […]